Presentation on theme: "Final Exam Review. True or False: Determining how much money you should set aside for retirement and how those funds should be invested should not be."— Presentation transcript:
Sandy had a beginning balance on her MasterCard statement of $300. This month she had purchases of $400, payments of $300, and a $100 cash advance. To avoid interest charges, Sandy must make a payment of: A. $500 B. $400 C. $100 D. Sandy cannot avoid interest charges
Wanda Clark expects interest rates to decline in the next few months. To maximize her earnings, she should put her savings in a A. Savings Account B. Six Month CD C. Money Market account D. Two-year CD
Which of the following will not protect you from identity theft while on vacation? A. Do not leave credit slips in restaurants B. Have your mail stopped C. Carry all credit cards, passports, and birth certificates with you. D. Do not leave sensitive info. In your hotel room when you are not there.
Carry all credit cards, passports, and birth certificates with you.
All of the following may qualify for an auto discount except: A. a driver training program B. High grades C. Several cars insured with the same company D. under 25 years old
A budget will not do which of the following? Anticipate cash shortages Determine the excess you have to invest Help determine if cash outflows will be suficient to cover cash inflows Determine the additional payments you can make to reduce personal debt
Help determine if cash outflows will be sufficient to cover cash inflows
All of the following are correct statements about credit except Creditor provides funds The interest is the total amount to be repaid Repayment will include interest Credit needs to be paid back in the future
Which of the following is not true about a CD They are long-term investments of two years or more They pay higher than T-bills Funds are locked in for specific periods of time A penalty is imposed for early withdrawal
They are long-term investments of two years or more